Search for: "GMAC Financial Services"
Results 101 - 120
of 171
Sort by Relevance
|
Sort by Date
11 Oct 2010, 1:30 pm
The big news last month was the revelation that hundreds of thousands of phony affidavits had been signed by an employee of GMAC Mortgage (a unit of Ally Financial) and then submitted to courts throughout the country to support foreclosures. [read post]
10 Oct 2010, 8:11 am
So, meanwhile… back at the soon-to-be-foreclosed-on-ranch… after a GMAC/Ally Financial manager testified in a deposition that his job involved signing his name 10,000 times a month to foreclosure related documents without reading what he was signing, as if reading were possible when signing 10,000 of anything a month, on September 20th, GMAC/Ally announced that it had stopped all evictions and the resale of repossessed homes in 23 states. [read post]
10 Oct 2010, 7:11 am
And in a foreclosure mill complaint letter to Fannie Mae president Michael Williams, House Financial Services Committee chairman Barney Frank (Mass.), Rep. [read post]
10 Oct 2010, 7:00 am
Bancorp, HSBC and PNC Financial Services, are reportedly scrutinizing their foreclosure processes at regulators' behest. [read post]
7 Oct 2010, 9:55 pm
This protects buyers by guaranteeing they have clear ownership of the property and protects both the homeowner's and the lender's financial interests if a dispute over ownership came up. [read post]
7 Oct 2010, 2:29 pm
On October 6th, Ohio’s Attorney General Richard Cordray filed a lawsuit against GMAC Mortgage and its parent, Ally Financial Inc., accusing the loan servicer and its agents of filing fraudulent affidavits in an attempt to mislead courts in hundreds of Ohio foreclosures. [read post]
7 Oct 2010, 10:44 am
Ohio’s Attorney General has sued GMAC Mortgage and its parent Ally Financial Inc. alleging that GMAC, acting as a mortgage servicer, filed fraudulent documents during court proceedings in which GMAC was foreclosing on homes in Ohio. [read post]
6 Oct 2010, 9:08 pm
However, it occurs to me, and I’m no legal scholar, that GMAC should be able to get out of that one rather easily. [read post]
6 Oct 2010, 12:20 pm
Meanwhile, shares of a major foreclosure outsourcing company, Lender Processing Services of Jacksonville, Fla., fell 5 percent on Tuesday, adding to a slide that began last week. [read post]
2 Oct 2010, 7:26 am
Moody’s Investors Service has placed the servicer ratings of GMAC and Chase on review for possible downgrade. [read post]
1 Oct 2010, 8:45 am
Massachusetts Congressman Barney Frank, Chairman of the House Financial Services Committee, urged Fannie Mae, the federal agency that buys mortgages on the secondary market, to half their work with "foreclosure mill" law firms that do not verify documentation before filing lawsuits to foreclose on homeowners. [read post]
23 Sep 2010, 4:20 pm
I was about to tear into GMAC, but now I hear that they’re not foreclosing on anything at the moment, so maybe they knew they were about to be shredded by bloggers everywhere, who really knows. [read post]
20 Sep 2010, 7:50 am
This is another illustration of the need for stronger enforcement of laws and rules governing mortgage servicer conduct, at a point when the stress of foreclosure volumes inevitably leads to shortcuts and worse by mortgage collectors.Update: Ally Financial, parent company of GMAC Mortgage, has issued a statement clarifying that it has only stopped some sales of foreclosed homes and evictions, not all foreclosures. [read post]
30 Aug 2010, 8:34 am
Each day, I’ve try to do whatever I can to help those struggling to hold on both financially and emotionally. [read post]
3 Aug 2010, 10:23 am
The Congressional Oversight Panel, in March of 2010 said that despite three separate bailouts of GMAC totaling $17.3 billion, GMAC Financial Services “continues to struggle with its troubled mortgage liabilities. [read post]
26 May 2010, 8:17 am
The Treasury Department said on Wednesday that it has appointed Marjorie Magner, a former Citigroup executive, as one of its two representatives on the board of Ally Financial, the bank formerly known as GMAC Financial Services. [read post]
14 May 2010, 2:53 am
Chrysler raised concerns Thursday about reports that rival General Motors is interested in buying back the auto financing business from the former GMAC Financial Services, The Associated Press reported. [read post]
4 May 2010, 10:05 am
GMAC Financial Services charges a $2,500 deductible if the insured person was supposed to have primary coverage and did not. [read post]
3 May 2010, 11:00 pm
GMAC Financial Services, a lender majority-owned by the government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages. [read post]
24 Mar 2010, 2:52 am
GMAC Financial Services, the U.S. auto finance company, agreed to sell its factoring business unit to Wells Fargo, Bloomberg News reported, citing two people with direct knowledge of the matter. [read post]
